6. MANUFACTURER'S WARRANTIES

 (a) So long as no Event of Default has occurred which is
 continuing, with effect from Delivery, Lessor assigns to
 Lessee, and authorizes Lessee to exercise such rights as
 Lessor may have under any warranty with respect to the
 Aircraft, any Engine or any Part made by any manufacturer,
 vendor, sub-contractor or supplier (including compensation for
 loss of use of the Aircraft) to the extent that the same may
 be assigned or otherwise made available to Lessee. In
 furtherance of the foregoing, Lessor shall take such actions,
 at Lessee's cost and expense, as Lessee may reasonably request
 to make such warranties available to Lessee. Manufacturer
 shall deliver its consent to the assignment of any such
 warranties upon Delivery of the Aircraft. Lessee will give
 Lessor prompt written notice of any warranty claim in excess
 of the Warranty Claim Notification Threshold which is settled
 with Lessee on the basis of a cash payment other than
 reimbursements for work performed directly by Lessee;

 (b) If any Default has occurred and is continuing, Lessor may:

 (i) retain for its own account any such proceeds previously
 paid to Lessor which would have been remitted to Lessee
 under this Clause 6 in the absence of such Default; and

 (ii) cause any proceeds of any pending claims to be paid to
 Lessor, rather than Lessee;

 until Lessee shall have cured any such Default whereupon
 Lessor shall pay any such proceeds which have not otherwise
 been applied to Lessee.

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